Business Standard

Today's picks: Tata Motors to Asian Paints, hot stocks to watch on Friday

Nifty, Bank Nifty, Tata Motors, Asian Paints, Bajaj Auto

Devangshu Datta 

markets

Nifty

Current:

11,586 (fut: 11,598)

Target: NA

Stop-long positions at 11,495. Stop-short positions at 11,705. Big moves could go till 11,750, 11,450. Trend could remain positive. A long Oct 24 11,700c (40), short 11,800c (19) could gain 15-20 if the index crosses 11,700.

Bank Nifty

Current:

28,990 (fut: 29,070)

Target: NA

Stop-long positions at 28,900. Stop short positions at 29,200. Big moves can go till 29,500, 28,500. Excess volatility likely but trend may remain positive.

Tata Motors

Current: Rs 140

Target: Rs 145

Keep a stop at Rs 138 and go long. Add to the position between Rs 143-Rs 144. Book profits at Rs 145.

Asian Paints

Current: Rs 1812

Target: Rs 1845

Keep a stop at Rs 1,795 and go long. Add to the position between Rs 1,830-Rs 1840. Book profits at Rs 1,845.

Bajaj Auto

Current: Rs 3111

Target: Rs 3165

Keep a stop at Rs 3,075 and go long. Add to the position between . Book profits at Rs 3,145-Rs 3,155. Book profits at Rs 3,165.


Target prices, projected movements in terms of next session, unless otherwise stated

First Published: Fri, October 18 2019. 06:30 IST
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